Central Ohio housing inventory continued to decrease during the month of January to 3,410, which is 12 percent below December and 21.2 percent less than January 2017. This left central Ohio with a 1.2 months supply of inventory at the current sales pace and the 84th consecutive month of year over year declines in inventory, according to the Columbus REALTORS® Multiple Listing Service.

While central Ohio saw record home sales in 2017, the share of sales that were lender-mediated declined to 4.8 percent during 4Q-2017 which is down by more than half from 2016 (9.0 percent) according to the 4Q-2017 Lender-Mediated Properties Report.

There were 32,218 homes and condos sold in central Ohio in 2017, which is 1.7 percent higher than 2016 and the highest number of homes sold on record for a single year, according to the Columbus REALTORS® Multiple Listing Service.

There were 2,377 homes and condos sold during the month of November in central Ohio, which is a 3.2 percent increase over the same month a year ago and the highest number of sales on record for the month of November, according to the Columbus REALTORS® Multiple Listing Service.

There were 2760 homes and condos sold during the month of October, which is a 4.4 percent increase over the same month a year ago, although a decline of 2.4 percent from September. This is the highest number of sales on record for the month of October, according to the Columbus REALTORS® Multiple Listing Service.

The Columbus retail market recorded 308,588 square feet (SF) of positive net absorption during the third quarter of 2017, according to the third quarter retail market report from the Central Ohio Commercial Information Exchange (COCIE), which uses Xceligent as its vendor. Compared to the same quarter a year ago, absorption was down 427,713 SF of positive net absorption.

Although central Ohio home sales are still pacing at a record high for the first three quarters of 2017, distressed property inventory and sales are the lowest on record since winter January of 2010, when Columbus REALTORS® began tracking distressed housing activity.

There were 2,827 homes and condos sold during the month of September, which is a 4.4 percent decrease from the same month a year ago. Year-to-date, central Ohio is still on track for a record year in home sales, according to the Columbus REALTORS® Multiple Listing Service.

Homes spent an average of 27 days on the market during the month of August, which is one day less than July and eight days fewer than August 2016. This is yet another record low for central Ohio, according to the Columbus REALTORS® Multiple Listing Service.